10 Best places in Mumbai to buy a Home

Mumbai or Bombay, as some sentimental people prefer to call it, once an archipelago of seven islands, is today a thriving metropolitan and the financial capital of India. It is a city bursting at the seams, what with thousands thronging to it, hoping the magic of the city rubs off on them too. Space has always been a constraint here because of which the city has grown vertically rather than horizontally. Mumbai has certain residential areas which are real estate gold as far as their value is concerned.

So-Bo (South Bombay): Another old colloquial term for South Bombay is Town. Areas such as Cuffe Parade, Altamount Road, Neapensea Road, Malabar Hill etc. are its part. These are super- posh, exclusive and extremely expensive areas of the city. Some of Mumbai’s biggest movers and shakers happen to live in these areas (the Ambanis’, the Godrejs’ and the Tatas’ to name a few). The property prices in South Bombay are sky high and many people choose to live on rent here.

Lower Parel: Once mill land, Lower Parel today boasts of the fabulous Palladium Mall as well as offices of major corporations. Many builders are developing state-of-the-art residential projects here and the area already has a buzzing night life with brands such as Socials, Blue frog etc. having their outlets here.

Bandra: Known as the Queen of the Suburbs, Bandra is the juncture that connects old Mumbai to the suburbs. A melting pot of old Catholic homes and new skyscrapers, Bandra consists of areas such as Band stand, Carter Road and Pali Hill. While the former boast of running parallel to the coast, Pali Hill has the distinction of being the Beverly Hills of the Hindi Film Industry.

Worli: One of the older areas of Mumbai, Worli has recently grown by leaps and bounds. From being a small fishing village to one of the most sought-after residential areas, especially around the Worli sea-face, many builders like Lodha, RNA etc. are developing their realty projects here.

Juhu: Again, an area that counts top Bollywood stars as its residents, Juhu has seen its façade change over the years. Old bungalows have given way to tall apartments, which offer a variety of options to renters and homebuyers. Mr Amitabh Bachchan’s house has achieved a landmark status in this area.

Andheri: Be it Andheri East or West, this area has something to offer in every price range. Its proximity to the local trains, the metro, the airport and various malls and shopping centres make it a sound investment and rental option.

Goregaon: This is one area which still offers value for money in terms of price of property. Its connectivity to the Western expressway Highway and the Link road add to its value.

Powai: Situated near the Powai Lake, this area is like a city in itself. Hiranandani builders took this neglected area under their wing and created a township that offers not just high-end residences and office space but also a school and a state-of-the-art hospital. Flanked by the Eastern and Western express highways on either side, Powai boasts of fabulous connectivity.

Chembur: Once considered the gas chamber of Mumbai, due to the numerous factories it harboured, Chembur is fast changing into an elite and exclusive suburb. The old bungalows of the 1950’s and 60’s are being redeveloped and the opening of the expressway which connects it to Colaba/Fort is making Chembur an attractive option for people, who work in South Mumbai, to live in. Chembur is also the last stop before one enters New Bombay.

New Bombay: New Bombay or Navi Mumbai is a planned township developed by CIDCO. It is ideal for people who are looking for affordable housing yet it also has the Palm Beach Road area, a super-luxurious hub of apartments initially developed to attract the NRI crowd. As space is no constraint here, it has seen a rapid growth of IT hubs, colleges, malls and call centres in recent times. Navi Mumbai is one of the few places which are still within the common man’s budget.

Where ever you may choose to stay, whatever may be the reason for your choice, just the fact that you get to reside in a place that is called the City of Dreams, should make it all worth it.